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- Mortgage Rates 📢 November 3rd, 2025
Mortgage Rates 📢 November 3rd, 2025
Mortgage Rates ↔️ mostly hold, despite bonds reacting as anticipated by the Fed cut takes place on 10/29/25.
Glenn Groves
November 03, 2025
INTEREST RATES
10 Year T-Note 90-day snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬆️ Conv. | 6.375% / 6.439% | +.250% |
↔️ Conv. HB | 6.500% / 6.551% | -.000% |
↔️ JUMBO | 6.250% / 6.265% | -.000% |
↔️ FHA 3.5% DP | 5.625% / 6.672% | -.000% |
↔️ VA 0% DP | 5.625% / 5.848% | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
💡 Why This Matters
Even though the Fed cut rates by 0.25%, Powell’s comments afterward carried a hawkish tone that cooled optimism for more cuts this year. His “not a foregone conclusion” remark about December signaled the Fed could pause if they don’t have enough new data — a real possibility given the ongoing government shutdown.
🔁 We’ve seen this cycle before: the bond market prices in cuts ahead of the meeting, then sells off once Powell speaks, sending yields higher. That’s exactly what happened again this week.
📉 For now, mortgage rates may stay volatile through November. But if the shutdown ends and fresh inflation data supports a slowdown, bonds could rally again into December — opening the door for lower rates before year-end.
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